Everyday indulgence has ended, as impulse purchases slow, social media takes over and regulations intensify, according to Euromonitor analyst Michael Schaefer.
Not all snacks are equal, according to Jaren Koerten, head of packaged food at Euromonitor: some have attained premium status, while others are ‘in the process’ of premiumization.
Private label manufacturer Biscuit International has acquired Northumbrian Fine Foods (NFF) from CriSeren Foods to extend its reach in the dynamic free-from market.
Clean label can imply a base level of health for confectionery products, whose high-sugar and high-fat status can make consumption hard to justify, says a new report by Euromonitor.
Mars’ share in China’s chocolate confectionery market has been dropping since 2013, but the company maintains its leading position with 36.7% market share in 2017, Euromonitor’s latest data shows.
The percieved health benefits of cocoa among Japanese consumers continues to drive the domestic chocolate market, according to a report by Euromonitor International.
Sales of cocoa-based products featuring a sustainable trade and farming label, such as Fairtrade, is set to be valued at $8.9bn in 2017, Euromonitor said.Â
Snacks and confectionery value sales growth has slowed to its lowest level in at least five years in many parts of the world, according to data from retail analysts Euromonitor International.
For the most part, confectioners have continued to innovate in known areas like flavor, product size and packaging rather than innovating for health, says Euromonitor International.
Functional confectionery has made only small gains since approval of Barry Callebaut’s cocoa flavanol health claim but opportunities exist for premiumized chocolate products, says a Euromonitor analyst.
Stevia’s credentials as a plant-derived sweetener and uptake from large manufacturers will prevent it from being seen as just another E-number, according to market research organisation Euromonitor.
Euromonitor International is predicting that demand for cocoa products will not outstrip supply by 2017, contrary to the International Cocoa Organization’s (ICCO) forecasted cocoa deficit.
Confectioners are vigorously innovating to build market share in the developing Asian market. We take a look at some of the latest products to hit Asia.
The chocolate market in China is growing at faster rates than other confectionery in the country as heightened consumer wealth helps stir evolution from sugar confectionery, according to an analyst at Euromonitor.
Some 70.4 million tonnes of sweeteners were used by the global food and beverage industry in 2008, including sugars. But which sweeteners are most used, in volume terms?
Sugar-free candy and sweet products offering specific health benefits are set to increase rapidly in popularity over the next few years, answering a growing market demand for functional confectionery and rising fears over the alleged obesity epidemic.
Sensitivity to changing regional tastes, exotic flavour mixes,
labelling and packaging will determine how successful processors
are in attacking Western Europe's stagnant ice cream market.
The UK confectionery market has seen a burgeoning trend for
sugar-free confectionery, bolstered by innovative product launches
and continuing consumer demand for healthy products, writes Tom
Armitage.
Innovation pushed from flavour firms operating in this competitive
sector brings food developers new opportunities to improve the
final product as ICI flavour subsidiary Quest International,
streamlined in May this year through the...
Consumers and producers are united in their desire for lighter,
functional packaging on the Russian food market, driving the
development of plastics and paper in the dairy, bakery and
confectionery sectors and sending traditional...
Thin, flexible and easy to handle - that is the major food
packaging trend emerging on the Polish market, helped along by
rising sales of dairy products and new hygiene laws on baked goods
in shops, writes Chris Mercer.
The consumption of baking mixes in the Asia Pacific region may be
low, but a rash of new launches on the market suggests that all
that might be set to change, as time-starved households move
towards quicker, easier alternatives.
Although the market for bakery mixes in Central and Eastern Europe
remains small, it is growing as consumers strive to bake at home
and save time. The latest look at the launches for this category
shows that variety is the driving...
Until recently, consumers with a sweet tooth have had little in the
way of choice when it came to reconciling their desire for sweets
and chocolate with the need to remain healthy.
Gum is by far the most profitable segment of the global
confectionery market, and looks set to remain so for some years to
come as new functional and healthy variants are launched.
The International Sweets and Biscuits Fair (ISM) held last month in
Cologne, Germany, clearly illustrated how kids and adults are
targeted by confectionery groups.
Private labels are yet to make much of an inroad into the
confectionery segment, but new analysis from Euromonitor suggests
that the premium chocolate market could provide a rich vein of
growth for private label in the future.
While health foods are becoming increasingly popular across the
globe, there are still some areas which remain undeveloped by the
major food producers. One such area is diabetic food, which has
struggled to overcome limited distribution...
The global confectionery market reached 12.7 billion tonnes in
2000, increasing by 8.5 per cent globally from 1996-2000, and
proving resistant to the much-hyped rise of health-conscious
eating, according to a report from market analysts...
